Facebook readies to file US$5bn IPO, could grow — Facebook is expected to file to raise US$5bn in a preliminary IPO prospectus on Wednesday morning, which while less than anticipated could be increased to ultimate investor demand, according to sources close to the deal.

Facebook Picks Morgan Stanley to Lead IPO — Facebook Inc., the world's largest social-networking service, chose Morgan Stanley to take the lead on its planned initial public offering, according to three people with knowledge of the matter. — Morgan Stanley, the New York-based investment bank …

Apple forcing IT shops to “adapt or die” — Apple iPads, iPhones and Macs bringing big changes to IT, business practices, MacIT attendees say — Guest Column By John Cox, Network World — Many IT departments are struggling with Apple's “take it or leave it” attitude, based on discussions last week at MacIT, which is Macworld|

The Trouble With Popularity — Way back in 2008, we had Alexis Ohanian and Steve Huffman, the founders and co-creators of Reddit, on the Stack Overflow podcast. We chatted about a bunch of stuff, but one of the things they said that always stuck with me was that Reddit always took an explicitly hands-off …

Redbox Puts the Kibosh on WB's 56-day Waiting Period — While Netflix is happy to kowtow to Warner Brothers Studio's title-delaying demands, Redbox is having none of it. The curbside video rental chain just let its contract with WB expire over the issue—allowing Redbox to rent its WB catalog ahead of the competition.

Say hello to Bootstrap 2.0 — Six months ago we open-sourced Twitter Bootstrap, an extensive front-end toolkit for developing web sites and applications.Since then, Bootstrap has grown to be one of the most popular projects on GitHub, the largest open source code host in the world, with over 16,000 watchers and 3,000 forks.

Filing: Without Itanium Chip, HP Is “Strategically Screwed” — Last night, a California judge made some key rulings in the ongoing litigation between Hewlett-Packard and Oracle over the latter's decision to stop supporting Intel's Itanium chip. — One thing Judge James Kleinberg did was dismiss …

Introducing Our First Event Series: PandoMonthly — One of the reasons that the Valley continues to produce great companies, cycle-after-cycle is that when you put smart, entrepreneurial people in the same place, great things happen. — Unfortunately sometimes we're too busy working …

Firefox Adds Powerful New Developer Tools — Firefox for Windows, Mac and Linux adds powerful built-in developer tools and delivers smoother updates by making add-ons compatible by default. — Firefox adds a number of new built-in developer tools that let developers change the look and feel of websites in real-time.

40,000 Apple fanbois demand ethical iPhone 5 — But we do care a lot, claims CEO — Favourite aggregator of anti-corporate campaigns, SumOfUs, has started a petition calling for an “ethical” iPhone 5, and has already garnered more than 40,000 signatures.